Question

BANGS EN × . Bangs ENTF × D Clemson U-× 。S1901-ACC Χ Chapter 12. × 『 Chap 12/13 × e consultex, × M Inbox (2)-b × + STAT 3090 × Untitled spr × Chttps:/newcannect.mheducation.com/flaw/connect.html Chapter 12/13 Exercises/Problems Help Saved Save & Exit Submit 4 The following Informatlon pertalns to Guy's Gear Company. Sales $88,000 $54,000 6,800 Coet of Goode Sold Depreciation Expenae 10 points Salaries and Wages Expensc Net IT.came Accounts Receivable Decrease Lnventory Increase Salaries and Nagee Payable Increase 12,800 73600 $14,400 두 4,800 8,800 830 Book Required: aPresen the operating activities section of the statement of cash flows for Guy's Gear Company using the indirect method. (Amounts to Hint be deducted should be indicated with a minus sign.) GUY'S GEAR COMPANY Re erences Cash Flows from Operating Activities-Indirect Method Adjustments to Reconcile Net Income to Cash Provided by Operating Activities Changes in Current Assets and Currnt Liabilities Mc Graw Hill < Prev 4 of 6 Ξί Next >

Answer 1

Cash Flows from Operating Activities-Indirect Method
Net income	14400
Adjustments to reconcile net income to
Net cash provided by operating activities
Depreciation expense	6800
Changes in Current assets and Current liabilities
Accounts Receivable Decrease	4800
Inventory Increase	-8800
Salaries and Wages Payable Increase	830
Net cash provided by operating activities	18030